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TEHRAN, Jul 5 - US President Donald Trump has targeted the Federal Reserve once more, saying interest rate and fiscal policies were harming the American economy.
TEHRAN, Young Journalists Club (YJC) -Trump, who is aiming to win a second term in office, labeled the independent central bank as the “most difficult problem” for the US economy in a late Friday tweet.
Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn’t have a clue! They raised rates too soon, too often, & tightened, while others did just the opposite....
— Donald J. Trump (@realDonaldTrump) July 6, 2019
Trump criticized the central bank for having no clue about what to be done to improve the US economy.
Reports say Trump talked to the Fed Chairman Jerome Powell about cutting interest rates on many occasions.
“I don’t think he understands. He doesn’t get it,” Trump said about Powell's acumen.
Trump, who nominated Powell himself, said last week that he was going to nominate Judy Shelton and Christopher Waller to the Senate as Fed governor appointees.
Trump has in the past described the financial institution as "crazy" and "out of control", claiming it was a greater threat to the US economy than the Chinese, which he believes "manipulate" their national currency to benefit China's trade balance with the US.
“You have to understand we’re competing against other parts of the world and they’re manipulators,” Trump claimed referring to China in a June interview with The Hill.
Trump sees a booming US economy as his leverage for winning a second term in office.
Source: Press TV
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